Expert advice on Life Insurance, Mortgages and Wills in Northern Ireland
Covering counties Antrim, Down, Armagh, Derry-Londonderry, Fermanagh and Tyrone
Call our Newry office for 'No obligation' advice on 02830 252455
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Living in Northern Ireland and looking for a Mortgage?

Get advice from a Professional Mortgage Adviser

If you are looking for a new home in Northern Ireland, it's advisable to understand the type of Mortgage you want and what you're able to afford.

Take time to speak to a qualified Mortgage Adviser who will be able to assess how much you can afford, and suggest the types of mortgage that could suit your individual needs and advise you on the lenders that would be prepared to lend to you.

Think about the type of Mortgage you want. For most people a Mortgage is the largest financial commitment they will ever make- so it's important to think about what Mortgage will suit you best. There are basically just two types of mortgage - repayment mortgages and interest only mortgages.

Repayment Mortgages
With a repayment mortgage, your payments are calculated to ensure that each month you pay the interest you owe and a contribution to the capital you owe, so your overall debt goes down each year.

Interest - Only Mortgages
With an interest-only mortgage your monthly instalments pay off the interest you owe but there is no payment made to the capital that you owe. The capital amount stays the same until the end of the term of the mortgage. Many lenders will require that a suitable repayment vehicle is in place to repay the capital owed at the end of the mortgage.

Tracker, Discounted and Fixed Rate Mortgages
Whether you choose a repayment mortgage or an interest only mortgage, you will be paying interest on the money that you borrow. Lenders offer you different schemes to suit individual circumstances.

Tracker Rate Mortgages
With a Tracker Rate Mortgage the amount of interest you pay for your mortgage will go up and down as the Bank of England's base rate of interest changes. If rates rise rapidly, you could struggle to keep up your mortgage repayments.

Discounted Rate Mortgages
With a discounted rate mortgage, your lender gives you the opportunity to pay less than their standard rate, for an agreed period typically 2, 3 or 5 years. After this period you will usually revert to their Standard Variable Rate. Some of these schemes require you to stay with your lender on their standard terms for a fixed period after your discount finishes. If you want to move to another lender, you will normally have to pay an early repayment charge.

Fixed Rate Mortgages
A Fixed Rate Mortgage means that the interest rate you pay will stay the same for a given period, usually between one and five years. You might pay slightly more than variable rate schemes but if rates are rising, you are able to budget and protect yourself against sudden rises in your monthly payment.

Different mortgage companies have different offers - it's important to choose a mortgage adviser that can search the market on your behalf and find the best deal to suit your individual needs.

Show your commitment
By now, your mortgage adviser will understand the type of mortgage you're looking for, and will know about your financial circumstances and what you can afford. Your adviser will work on your behalf searching the market and finding the most suitable Mortgage for your needs. They will then work with this lender to find out, in principle, whether they would be willing to provide a mortgage.

Many lenders will provide a certificate to confirm this simply an indication that you are the type of customer they would accept. Their certificate is important, it shows estate agents and property sellers that you are committed to organizing a mortgage and have begun the process.

Make a Formal Application Once you have searched the property market and found the perfect house or flat, you're ready to make a full application for a mortgage.

There are thousands of mortgages available on the market so making the right choice is essential. Your mortgage adviser will be able to search for the best deal to suit your personal circumstances and financial needs.

Your adviser will help you with all the paperwork associated with applying for your mortgage and can answer any questions that you might have along the way.

Don't Forget - be Prepared
Are you;
First time buyer?
Buying to let?

If you are then - be prepared!

Give yourself time to work with your mortgage adviser in finding the best mortgage for your individual needs

We at Sugar Island Financial Advice are your local Mortgage experts covering counties Down, Armagh, Antrim, Derry / Londonderry, Fermanagh and Tyrone. Speak to our professional Mortgage adviser who will take you through this process, giving you peace of mind.

If you looking around Northern Ireland for a professional Mortgage advice then look no further, we are right here on your doorstep

Request fee free Mortgage advice
Call Sugar Island Financial Advice now on 028 30252455 our lines are open Mon to Fri Between 8.30am and 8.00pm, Sat 9.00-5.00pm and Sun 9.00am-1pm or click the
Enquire Now’ button opposite we’d love to hear from you!


Your home may be repossessed if you do not keep up repayments on your mortgage. A fee of £195 is payable on application.

Buy to let mortgages are not regulated by the Financial Conduct Authority. The information on this website is subject to the UK regulatory regime and therefore targeted at consumers based in the UK.